MNI BRIEF: Foreign Firms Content In China

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

Unemployment Falls To 11.3% In Q2, Driven By Services

1 and 3-Year Consumer Inflation Expectations Remain Unchanged

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(F3) Breaches Key Resistance

BRENT TECHS
  • RES 4: $105.58 - 76.4% retracement of the Jun 8 - Sep 26 bear leg
  • RES 3: $102.28 - High Jul 5
  • RES 2: $99.50 - High Aug 30
  • RES 1: $98.81 - High Nov 4
  • PRICE: $97.40 @ 07:06 GMT Nov 7
  • SUP 1: $93.09/91.46 - 20-day EMA / Low Oct 31 and a key support
  • SUP 2: $87.52 - Low Oct 18
  • SUP 3: $83.38 - Low Sep 30
  • SUP 4: $80.94 - Low Sep 26 and key support

Brent futures maintain a bullish tone and the contract traded higher Friday. Price has breached resistance at $96.75, the Oct 10 high and a key short-term resistance. The break strengthens the current bullish theme and paves the way for a climb towards $99.50, the Aug 30 high. On the downside, key short-term support has been defined at $91.46, the Oct 31 low. A break of this level is required to threaten the bull cycle.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.